Baxter company produces children's wiffle ball sets using a three-step sequential process that includes molding, coloring, and finishing. when the sets are completely finished, out of which account should the cost be transferred?

when the sets are completely finished, the cost should be transferred to: W IP inventory-Finishing

WIP stands for work in progress, which is an account to placed all the amount of manufactured product that still not ready to be sold to the market.

Since the manufacter process is in finishing stage (coloring/packing), the appropriate account should be WIP inventory-Finishing